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Bitcoin Shows Worst October Since 2014

Bitcoin closed October with a 7.32% decline, marking the worst performance for the month since 2014. As a result of mass liquidations in the cryptocurrency market, positions worth a total of $12.5 billion were wiped out.

Liquidations

  • The total value of liquidated positions amounted to $12.5 billion.
  • Of this amount, $9.21 billion was attributed to long positions (open buys).
  • Shorts (open sells) accounted for $3.29 billion in liquidations.
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